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| NGTF CEO of MJ Munchies Comments on Several Recent Developments in Marijuana Legalization |
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Company: Nightfood Holdings Inc. (Pink Sheets: NGTF)
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Marijuana Legalization Commentary From CEO of MJ Munchies (NGTF), Owners of Half-Baked Brand
Tarrytown, NY, Nov. 08, 2018 (GLOBE NEWSWIRE) - via NEWMEDIAWIRE - MJ Munchies, Inc. (OTC: NGTF), owner of HalfBaked.com and the Half-Baked brand of marijuana infused edibles and drinks, today released comments from CEO Sean Folkson regarding recent developments in the national legalization of marijuana for recreational use.
As a Company developing and building a brand that Management believes will be a central player in the national cannabis market as recreational use is legalized across the country, NGTF has a valuable stake in the ongoing acceptance and legalization of adult-use marijuana.
The past 48 hours has seen two major developments impacting the national landscape. On Tuesday, Michigan voters elected to replace cannabis prohibition with a legal and regulated system of cultivation, distribution, sales, and taxation. Michigan is the tenth state to legalize recreational use, along with the District of Columbia.
Then, on Wednesday, United States Attorney General Jeff Sessions resigned. Sessions’ “war on pot”, as many in the media have described it, introduced both fear and risk for investors, most notably when he rescinded the Cole Memorandum in January 2018. With Sessions now out, the door is ostensibly open for a more “marijuana-friendly” AG to step in and allow for the advancement towards federal legalization.
“It certainly seems that we’ll look back in a few years and see that Sessions and others in his camp were on the wrong side of history,” commented CEO Sean Folkson. “Slowly but predictably, state by state, we’re seeing that Americans are approving the right to recreational consumption of marijuana. Obviously these developments have a direct impact on the value of what we’re building with the Half-Baked brand as we aim to be a leading brand in the national market for recreational edibles and beverages.”
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